Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) Sees Significant Increase in Short Interest

Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 322,681 shares, a growth of 471.3% from the April 30th total of 56,478 shares. Based on an average daily volume of 254,309 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the shares of the company are short sold.

Invesco Emerging Markets Sovereign Debt ETF Trading Up 0.4%

PCY stock traded up $0.09 on Friday, hitting $21.59. The company had a trading volume of 399,028 shares, compared to its average volume of 487,438. Invesco Emerging Markets Sovereign Debt ETF has a 12-month low of $19.73 and a 12-month high of $22.18. The stock’s 50-day simple moving average is $21.31 and its 200 day simple moving average is $21.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in Invesco Emerging Markets Sovereign Debt ETF in the second quarter worth approximately $52,000. PNC Financial Services Group Inc. raised its position in Invesco Emerging Markets Sovereign Debt ETF by 29.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,219 shares of the company’s stock worth $113,000 after acquiring an additional 1,177 shares during the period. CoreCap Advisors LLC raised its position in Invesco Emerging Markets Sovereign Debt ETF by 1,023.2% in the fourth quarter. CoreCap Advisors LLC now owns 7,447 shares of the company’s stock worth $161,000 after acquiring an additional 6,784 shares during the period. Kestra Private Wealth Services LLC bought a new position in Invesco Emerging Markets Sovereign Debt ETF in the third quarter worth approximately $201,000. Finally, Park Avenue Securities LLC bought a new position in Invesco Emerging Markets Sovereign Debt ETF in the fourth quarter worth approximately $205,000. 69.00% of the stock is currently owned by institutional investors.

Invesco Emerging Markets Sovereign Debt ETF Company Profile

The Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity. PCY was launched on Oct 11, 2007 and is managed by Invesco.